News

Terra and Frisbie Group's plan would set aside a total of 1.16 million square feet for development.

The property spans 696,000 square feet.

The target comes amid the aging population and housing shortage.

While challenges like distressed assets and refinancing pressures remain, a shift in investor demand, particularly in secondary markets, points to a cautious but optimistic recovery.

The community features 344 units.

The debt is on an "unsustainable path" though not yet at the point of affecting decisions on interest rates.

There will be new rules on rent increases, and operating cost charges on month-to-month leases.

The move is part of a larger troubling trend.